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Cash still king for some
FUNDS REPORTERWith North American stock markets roaring back with a vengeance from their debacle in March, some fund managers have been boosting cash.The SandP/TSX composite index, which has jumped 43 per cent from its low, yesterday closed at 10,793.67 points. And the SandP/500, up 49 per cent from its March low, ended yesterday at 1,007.10.
Dividend lovers take note
INVESTMENT REPORTER Attention dividend investors: You haven't missed the boat.True, the stock market has been on steroids since hitting its March lows, but there are still plenty of juicy dividend yields out there.
BNN MARKET CALL / GAVIN GRAHAM
Gavin Graham, director of investments, BMO Asset Management. Today we look at BMO Guardian Dividend Growth Fund (managed by Michael Stanley).Fund StatsMER 2%Total Assets $429.6-million
Labour funds fall from favour
FUNDS REPORTER Labour-sponsored venture capital funds are losing their allure - especially in Ontario.The money raised by the funds in the first quarter fell 37 per cent to $107-million from $171-million a year ago, according to figures from Thomson Reuters Canada.
Stock picker stuck to his bearish guns
INVESTMENT REPORTER For David Tyerman, it took a lot of things going wrong for one thing to go right.The analyst - now with Genuity Capital Markets but formerly of Scotia Capital Inc. - spent 2008 with ''sell'' ratings on almost every stock he covered. His outright bearishness was largely the result of the industries he watches: automotive, transportation and aerospace.
How the 30 largest funds fared in 2008
For many mutual fund investors, it has been a year of pain. The market collapse of 2008 has wiped out a big chunk of wealth in stock funds. It didn't matter whether investors had money in a plain vanilla Canadian equity fund, or more exotic global or resource funds. And some funds got pummelled more than others.
How the 30 largest funds fared in 2008
For many mutual fund investors, it has been a year of pain. The market collapse of 2008 has wiped out a big chunk of wealth in stock funds. It didn't matter whether investors had money in a plain vanilla Canadian equity fund, or more exotic global or resource funds. And some funds got pummelled more than others.
Street pares outlook for CI
CI Financial Income Fund reports third-quarter financial results today, but analysts caution the numbers may not be as important given October's stock market carnage, and the fund company's decision to convert back to a corporation.
Sprott says redemptions loom
Eric Sprott expects more redemptions in his firm's hedge funds from international investors soon, which he says could ''ultimately be significant.''''Most of the owners of the offshore hedge funds tend to be international financial institutions,'' the chief executive officer of Sprott Inc. told analysts yesterday.
Brookfield power spinoff makes sense
There could be a green machine coming at Brookfield Asset Management, as the company weighs spinning out a portion of its $7.4-billion portfolio of power assets.After successfully giving birth to infrastructure and timber funds, Brookfield revealed last week that it is considering creating a fund that would hold renewable power assets such as hydroelectric properties and wind farms.
